The Hanover Insurance Group (NYSE:THG – Get Rating) the target price was decreased by stock analysts at Morgan Stanley from $155.00 to $145.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.04% from the company’s previous close.
Separately, StockNews.com downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.
Hanover Insurance Group Pricing Performance
Shares of The Hanover Insurance Group stock traded down $1.00 on Friday, hitting $136.74. The company’s stock had a trading volume of 343 shares, compared to its average volume of 179,895. The company has a market cap of $4.87 billion, a P/E ratio of 15.21, a PEG ratio of 0.79 and a beta of 0.71. Hanover Insurance Group has a 52-week low of $121.69 and a 52-week high of $155.55. The stock has a 50-day moving average of $139.08 and a 200-day moving average of $143.15. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30.
Hanover Insurance Group Institutional Trading
Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in The Hanover Insurance Group by 60.2% in the second quarter. Goldman Sachs Group Inc. now owns 235,936 shares of the insurance provider’s stock valued at $34,506,000 after buying an additional 88,650 shares during the last quarter. Intrust Bank NA boosted its stake in The Hanover Insurance Group by 19.8% in the second quarter. Intrust Bank NA now owns 3,668 shares of the insurance provider’s stock valued at $537,000 after buying an additional 605 shares in the last quarter. Chilton Capital Management LLC purchased a new position in The Hanover Insurance Group in the second quarter valued at approximately $84,000. Macquarie Group Ltd. raised its stake in The Hanover Insurance Group by 0.6% in the second quarter. Macquarie Group Ltd. now owns 906,564 shares of the insurance provider’s stock valued at $132,585,000 after buying an additional 4,969 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in The Hanover Insurance Group by 139.3% in the second quarter. Cubist Systematic Strategies LLC now owns 31,507 shares of the insurance provider’s stock valued at $4,608,000 after buying an additional 18,340 shares in the last quarter. 84.72% of the shares are currently owned by hedge funds and other institutional investors.
Hanover Insurance Group Company Profile
Hanover Insurance Group, Inc, through its subsidiaries, provides a variety of property and casualty insurance products and services in the United States. The company operates in three segments: commercial lines, personal lines and others. The Commercial Lines segment offers commercial multi-peril, commercial auto and workers’ compensation insurance products, as well as management and professional liability, marine, special industrial and commercial property, monoline general liability, surety, umbrella, loyalty, crime and other commercial coverages.
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